As Raytheon Co Com New (RTN) Stock Price Rose, Shareholder First Western Capital Management Company Has Lifted Holding; Cornercap Investment Counsel Increased Patrick Industries (PATK) Holding by $328,026

April 19, 2018 - By Peter Erickson

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First Western Capital Management Company increased its stake in Raytheon Co Com New (RTN) by 4035.77% based on its latest 2017Q4 regulatory filing with the SEC. First Western Capital Management Company bought 11,058 shares as the company’s stock rose 14.84% while stock markets declined. The hedge fund held 11,332 shares of the industrial machinery and components company at the end of 2017Q4, valued at $2.13 million, up from 274 at the end of the previous reported quarter. First Western Capital Management Company who had been investing in Raytheon Co Com New for a number of months, seems to be bullish on the $65.49B market cap company. The stock decreased 0.03% or $0.06 during the last trading session, reaching $227. About 411,059 shares traded. Raytheon Company (NYSE:RTN) has risen 42.32% since April 19, 2017 and is uptrending. It has outperformed by 30.77% the S&P500.

Cornercap Investment Counsel Inc increased its stake in Patrick Industries (PATK) by 49.99% based on its latest 2017Q4 regulatory filing with the SEC. Cornercap Investment Counsel Inc bought 4,754 shares as the company’s stock declined 10.78% with the market. The institutional investor held 14,264 shares of the basic industries company at the end of 2017Q4, valued at $991,000, up from 9,510 at the end of the previous reported quarter. Cornercap Investment Counsel Inc who had been investing in Patrick Industries for a number of months, seems to be bullish on the $1.35B market cap company. The stock decreased 5.09% or $2.85 during the last trading session, reaching $53.1. About 223,273 shares traded. Patrick Industries, Inc. (NASDAQ:PATK) has risen 34.42% since April 19, 2017 and is uptrending. It has outperformed by 22.87% the S&P500.

Among 6 analysts covering Patrick Industries (NASDAQ:PATK), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Patrick Industries had 12 analyst reports since March 31, 2016 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, February 15 by Robert W. Baird. The firm has “Hold” rating given on Tuesday, April 10 by Wells Fargo. Bank of America maintained Patrick Industries, Inc. (NASDAQ:PATK) on Wednesday, January 24 with “Buy” rating. The stock of Patrick Industries, Inc. (NASDAQ:PATK) has “Buy” rating given on Wednesday, August 17 by CL King. The stock of Patrick Industries, Inc. (NASDAQ:PATK) earned “Buy” rating by Robert W. Baird on Friday, December 22. CL King downgraded the shares of PATK in report on Thursday, March 31 to “Neutral” rating. The rating was maintained by Wells Fargo on Thursday, December 14 with “Hold”. The company was maintained on Tuesday, October 24 by Bank of America. Robert W. Baird maintained Patrick Industries, Inc. (NASDAQ:PATK) rating on Wednesday, August 30. Robert W. Baird has “Buy” rating and $82.0 target. The firm has “Buy” rating given on Thursday, June 16 by Sidoti.

Since October 26, 2017, it had 2 insider buys, and 6 selling transactions for $3.15 million activity. Blosser Courtney sold $134,648 worth of stock. Boone Joshua A sold $54,644 worth of stock. Kitson Michael A also sold $172,370 worth of Patrick Industries, Inc. (NASDAQ:PATK) shares. Another trade for 10,000 shares valued at $898,701 was sold by Cleveland Todd M. 1,272 Patrick Industries, Inc. (NASDAQ:PATK) shares with value of $79,460 were bought by WELCH M SCOTT. GENDELL JEFFREY L ET AL also sold $2.24 million worth of Patrick Industries, Inc. (NASDAQ:PATK) shares.

Investors sentiment increased to 7.26 in 2017 Q4. Its up 6.23, from 1.03 in 2017Q3. It improved, as 12 investors sold PATK shares while 11 reduced holdings. 37 funds opened positions while 130 raised stakes. 44.28 million shares or 197.84% more from 14.87 million shares in 2017Q3 were reported. Bank Of Ny Mellon reported 0.01% stake. 70,006 are held by Deutsche Savings Bank Ag. Moreover, Pacad Inv Ltd has 0.02% invested in Patrick Industries, Inc. (NASDAQ:PATK). Amer Intl reported 19,256 shares stake. Ny State Common Retirement Fund owns 38,578 shares. Regions invested in 57 shares or 0% of the stock. Price T Rowe Associates Inc Md has 0.01% invested in Patrick Industries, Inc. (NASDAQ:PATK). California State Teachers Retirement System stated it has 0.01% of its portfolio in Patrick Industries, Inc. (NASDAQ:PATK). Citigroup holds 0% or 5,612 shares. 3,800 were accumulated by Laurion Mgmt Limited Partnership. D E Shaw reported 11,301 shares. American Century Cos Inc has 38,719 shares for 0% of their portfolio. 18,480 were reported by Manufacturers Life Ins Com The. Aqr Cap Mngmt Ltd Company stated it has 63,902 shares or 0% of all its holdings. Qs Invsts Ltd Liability Corporation holds 73,784 shares or 0.05% of its portfolio.

Cornercap Investment Counsel Inc, which manages about $912.27M and $729.53 million US Long portfolio, decreased its stake in United Rentals Inc Com (NYSE:URI) by 3,066 shares to 46,079 shares, valued at $7.92 million in 2017Q4, according to the filing. It also reduced its holding in Juniper Networks Inc Com (NYSE:JNPR) by 13,246 shares in the quarter, leaving it with 185,807 shares, and cut its stake in Regions Finl Corp New Com (NYSE:RF).

Investors sentiment decreased to 1.09 in Q4 2017. Its down 0.12, from 1.21 in 2017Q3. It dropped, as 36 investors sold RTN shares while 374 reduced holdings. 106 funds opened positions while 340 raised stakes. 202.53 million shares or 1.45% less from 205.51 million shares in 2017Q3 were reported. Berkshire Asset Management Lc Pa invested 0.22% in Raytheon Company (NYSE:RTN). 44,887 were accumulated by Zweig. Wedgewood Invsts Pa holds 3,535 shares. Cornerstone Advisors invested in 437 shares or 0.05% of the stock. Origin Asset Management Llp holds 74,285 shares or 0.8% of its portfolio. Asset Mngmt Inc reported 0.23% stake. Thompson Siegel & Walmsley Limited reported 0.01% stake. Macquarie Group Incorporated Ltd holds 3.66M shares or 1.22% of its portfolio. First Quadrant Lp Ca has invested 0% in Raytheon Company (NYSE:RTN). South Dakota Invest Council reported 0.09% in Raytheon Company (NYSE:RTN). Fiduciary Trust reported 22,083 shares. Pnc Svcs Grp Inc reported 1.02 million shares. The Ontario – Canada-based Barometer Cap has invested 2.02% in Raytheon Company (NYSE:RTN). Amica Pension Fund Board Of Trustees reported 18,545 shares or 0.4% of all its holdings. Jacobs And Ca holds 0.05% of its portfolio in Raytheon Company (NYSE:RTN) for 750 shares.

Among 21 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 81% are positive. Raytheon Company had 80 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was initiated by Morgan Stanley with “Buy” on Tuesday, August 8. Wells Fargo maintained Raytheon Company (NYSE:RTN) rating on Tuesday, January 16. Wells Fargo has “Buy” rating and $215.0 target. Argus Research upgraded Raytheon Company (NYSE:RTN) on Thursday, November 12 to “Buy” rating. On Friday, October 23 the stock rating was downgraded by Wolfe Research to “Peer Perform”. The stock of Raytheon Company (NYSE:RTN) earned “Buy” rating by Stifel Nicolaus on Friday, January 26. RBC Capital Markets maintained the shares of RTN in report on Wednesday, November 15 with “Buy” rating. The company was maintained on Thursday, July 27 by Cowen & Co. Barclays Capital downgraded it to “Equal-Weight” rating and $125 target in Monday, November 30 report. Stifel Nicolaus maintained Raytheon Company (NYSE:RTN) on Friday, July 29 with “Buy” rating. Jefferies maintained Raytheon Company (NYSE:RTN) rating on Friday, September 29. Jefferies has “Buy” rating and $190.0 target.

Raytheon Company (NYSE:RTN) Institutional Positions Chart

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